-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Any extra money that schools are always looking for is spent on illegal aliens who have stormed the border and now are officially sucking the test of tax payer money. Almost a billion $$$ of our tax money will support the illegals while state-city-county debts and obligations continue to rise without being paid. Too bad teachers because you support the democrats who are driving the bus over the cliff. My suggestion is that teachers take a 25% pay cut .
Dr. Susan Miller, here’s news: Teachers Unions hate competition because it exposes their vast fraud. Teachers Unions massively bribe Democrat politicians to do their bidding and they now OWN the Democrat party. If you want change then stop voting for Democrats.
Susie, TPTB don’t want kids to have a choice.
People can still invest into the program but won’t get the 75% tax credit. So it should be promoted anyway but in smaller amounts. Investing $10 or $20 will help and not getting a $7.50 or $15.00 tax credit will not bankrupt anyone. Getting tens of thousands people to donate a small amount will still help a lot of kids. Maybe something similar to a Go Fund Me account.